Skip to content
Nonprofiteer
← SOCIETY OF TEACHERS OF FAMILY MEDICINE FOUNDATION

Form 990 for tax year 2024

Filed by SOCIETY OF TEACHERS OF FAMILY MEDICINE FOUNDATION.

Totals

Total revenue
$276,211
Total expenses
$242,225
Contributions and grants received
$61,500
Grants paid
$32,554
Program service revenue
$129,919
Investment income
$46,103
Other revenue
$38,689
Total assets, end of year
$1,972,840
Total liabilities, end of year
$38,256
Net assets or fund balances, end of year
$1,934,584
Program services expenses (Part IX)
$83,539
Management and general expenses
$101,122
Fundraising expenses
$57,564
Program service expenses (Part III)
$83,539

Program services were 34.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $61,500

  • 2a · Program service revenue: Underrepresented in Med

    total $27,247 · related or exempt $27,247

  • 2b · Program service revenue: General programs

    total $102,672 · related or exempt $102,672

  • 3 · Investment income

    total $44,380 · excluded $44,380

  • 7a · Gross sales of assets other than inventory

    securities $11,340

  • 7b · Less cost or other basis and sales expenses

    securities $9,617

  • 7c · Gain or loss

    securities $1,723

  • 7d · Net gain or loss

    total $1,723 · excluded $1,723

  • 8a · Fundraising events: gross income

    $59,289

  • 8b · Fundraising events: direct expenses

    $20,600

  • 8c · Net income from fundraising events

    total $38,689 · excluded $38,689

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,840 · program services $13,840

  • 2 · Grants to domestic individuals

    total $18,714 · program services $18,714

  • 11b · Fees: legal

    total $2,272 · management and general $2,272

  • 11c · Fees: accounting

    total $13,495 · management and general $13,495

  • 11f · Fees: investment management

    total $10,077 · program services $3,023 · management and general $7,054

  • 13 · Office expenses

    total $11,637 · program services $237 · fundraising $11,400

  • 17 · Travel

    total $4,946 · management and general $4,946

  • 23 · Insurance

    total $2,163 · management and general $2,163

  • 24a · Other expenses: Support organization cost

    total $103,940 · management and general $66,970 · fundraising $36,970

  • 24b · Other expenses: State registration fees

    total $9,194 · fundraising $9,194

  • 24c · Other expenses: Underrepresented in Medicine

    total $27,301 · program services $27,301

  • 24d · Other expenses: Other program fees

    total $20,424 · program services $20,424

  • 24e · All other expenses

    total $4,222 · management and general $4,222

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,580 · end of year $70,168

  • 2 · Savings and temporary cash investments

    beginning of year $116,036 · end of year $128,336

  • 4 · Accounts receivable

    beginning of year $12,200 · end of year $13,379

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,919 · end of year $4,118

  • 10a · Land, buildings and equipment: cost or other basis

    $684

  • 10b · Land, buildings and equipment: accumulated depreciation

    $684

  • 11 · Investments: publicly traded securities

    beginning of year $1,566,422 · end of year $1,756,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,079 · end of year $13,300

  • 19 · Deferred revenue

    beginning of year $20,750 · end of year $21,850

  • 25 · Other liabilities

    beginning of year $14,484 · end of year $3,106

  • 27 · Net assets without donor restrictions

    beginning of year $1,555,562 · end of year $1,794,408

  • 28 · Net assets with donor restrictions

    beginning of year $150,282 · end of year $140,176

Mission and programs · 2024

Mission

The STFM Foundation was formed to carry out certain charitable, educational, literary, and scientific purposes of STFM, including to promote and maintain the high standards of the teaching of family medicine.

  • Other programs include Faculty for Tomorrow, MSE Student Scholars, Journal/Shots, Carmichael Fund, Blanchard Lecture, F. Marian Bishop Leadership Award, New Faculty Scholars, and MSE Fun Run.

    Expenses $42,398 · Revenue $102,672

  • Underrepresented in Family Medicine (URM) Program - The foundation program for Underrepresented in Family Medicine (URM) reflects an initiative to increase resources and support to URM Faculty, URM community teachers, and URM medical students and residents going into academic family medicine. The definition of URM in this context is racial and ethnic populations underrepresented in the medical profession relative to numbers in the general population.

    Expenses $27,301 · Revenue $27,247

  • STFM Project Fund - The STFM Project was formed to respond to the expressed needs of STFM members for funding research and education by establishing these funds. The fund encourages groups to collaboratively plan, implement, evaluate, and disseminate findings from educationally related scholarly projects.

    Expenses $13,840

As filed on the 2024 return.

Listed in Part VII

  • Janice Benson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Klive Forde

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Katherine Fortenberry

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Natalia Galarza Carrazco

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Caryl Heaton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jody Lounsbery

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Heather Paladine

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Juan Robles

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Terrence E Steyer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Evelyn Figueroa

    President

    Total calculated
    $0
    Hours/week
    1

  • Jake Prunuske

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Melly Goodell

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Joel Heidelbaugh

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Stacy Brungardt

    Executive Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202523189349314782

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.